Financial Services and Insurance

Cravath represented the underwriters in connection with the $500 million fixed rate/floating rate senior notes offering of First Horizon Corporation, a holding company for First Horizon Bank that provides various financial services. The transaction closed on March 7, 2025.

Cravath represented the initial purchasers in connection with the $500 million Rule 144A high‑yield senior notes offering of Credit Acceptance Corporation, a leading independent auto finance company. The transaction closed on February 28, 2025.

Cravath represented the underwriters in connection with the $2.75 billion registered senior notes and fixed‑to‑floating rate senior notes offering of State Street Corporation, a provider of a broad range of financial products and services to institutional investors worldwide. The transaction closed on February 28, 2025.

Cravath represented the underwriters in connection with the $1.25 billion registered senior notes offering of LPL Holdings, Inc., a holding company which, through its securities brokerage, offers investment advisory services and insurance brokerage services. The transaction closed on February 26, 2025.

Cravath represented the underwriters in connection with the $5 billion registered notes offering of the State of Israel. The notes were listed on the London Stock Exchange. The transaction closed on February 19, 2025.

Seven Cravath partners were selected to serve on Law360’s 2025 Editorial Advisory Boards: Wes Earnhardt (Media & Entertainment), Brittany L. Sukiennik (Trials), Douglas Dolan (Capital Markets), Arvind Ravichandran (Tax Authority International), Jeffrey T. Dinwoodie (Banking), Adam M. Sanchez (Private Equity) and Benjamin G. Joseloff (International Trade). As Editorial Advisory Board members, they will provide feedback on Law360’s coverage and expert insight on how best to shape future coverage.

On February 25, 2025, Cravath was featured by Law360 as a “Securities Practice Group of the Year.” The profile highlighted the Firm’s “reputation as one of the top law firms that companies rely on for representation when faced with derivative lawsuits, investor class actions and other securities‑related litigation,” and recognized in particular the Firm’s representation of Robinhood in the sprawling “Meme Stock” litigation; Forward Air in its amended agreement to acquire Omni Logistics, resolving previously announced litigation; Root in its Sixth Circuit win affirming the dismissal of a putative securities class action; and Mylan in its appellate win affirming summary judgment in a securities class action.

On February 10, 2025, Cravath was featured by Law360 as a “Private Equity Practice Group of the Year.” The profile highlighted the Firm’s recent work advising on a number of significant mergers and acquisitions in the private equity space, including its representation of Amentum in its merger with Jacobs’ Critical Mission Solutions and Cyber and Intelligence businesses, as well as Brookfield Renewable in its and Cameco’s $7.875 billion acquisition of Westinghouse and its $2.8 billion acquisition of Duke Energy Renewables.

On January 29, 2025, Cravath partner Evan Norris participated in the American Conference Institute’s Cybersecurity Law and Compliance conference, which was held from January 29‑30 in Arlington, Virginia. Evan moderated a panel entitled “Lessons Learned from a Cyber Breach,” during which senior in‑house lawyers from leading retail, hospitality and financial services companies discussed their experiences and key lessons learned from handling significant cyber incidents.

Cravath partner and Co‑Head of the Firm’s Private Equity Practice David J. Perkins was the featured guest on the December 5, 2024 episode of The Deal’s “Drinks With The Deal” podcast. In the interview, Dave spoke about his education at the U.S. Military Academy at West Point and described the series of decisions and events that led him into corporate law. Dave reflected on his time as a young associate at Cravath, praising the Firm’s rotation system which gave him exposure to the full suite of corporate legal practice, and how during that time he was called up from the U.S. Army Reserve to serve in Afghanistan—a formative experience for his life and career. Dave also discussed his later joining of Cravath’s partnership and his approach to building the Firm’s growing private equity practice.